BOJ minutes

More Diversified Financial Market Movements

February 4, 2016

At least for today, it’s no longer a matter of risk-on or risk-off for all assets.  Some of this differentiation stems from more blatant currency warfare. Yesteday’s revealed sharp decline in the U.S. non-manufacturing purchasing managers index triggered a dollar sell-off.  The U.S. currency today has fallen by an additional 0.7% against the euro and […] More

Some Guarded Optimism Regarding Greece

March 20, 2015

Talks yesterday between Greek leaders and that economy’s creditors were reportedly productive.  Greece is to present a list very soon of reforms that it will do.  Until then, the main loan will not go through, so Greece will need some kind of stop-gap support in the immediate time ahead.  At least the sides are talking, […] More

A Respite from Market Activity

December 25, 2014

Virtually all markets other than Japan are closed for Christmas today, so currency changes on the wires are not necessarily representative.  The dollar fell overnight by 0.6% against the Swiss franc, 0.4% relative to the euro, 0.3% vis-a-vis the yen, 0.2% versus the Australian dollar and 0.1% against the kiwi and sterling.  The yuan rose […] More

Stronger Yen and Aussie Dollar

February 19, 2013

The U.S. dollar has declined 0.5% against the yen and 0.4% relative to the Australian dollar.  Other overnight dollar movement has been muted, with gains of 0.2% versus the loonie and 0.1% against the euro, Swissie and kiwi.  The dollar is unchanged relative to the Chinese yuan and British pound. Stocks slumped 1.9% in China, […] More